InnoTek Limited

1 Finlayson Green, #15-02, Singapore 049246. Tel: (65) 6535 0689 Fax: (65) 6533 2680
Reg. No. 199508431Z


SGX-Listed InnoTek Announces
Q214 Results
SINGAPORE, 11 August 2014 SGX Mainboard-listed precision metal specialist
InnoTek Limited (InnoTek or the Group) announced its financial results for the
three-month period ended 30 June 2014 (Q214).

Revenue decreased by S$3.5 million or 5.9% to S$54.8 million in Q214 from
S$58.3 million in Q213. While sales from Precision sub-assembly and Tooling
segments declined, revenue from the Precision Component segment rose as a
result of higher demand for automotive products.

The Precision sub-assembly segment was impacted by an early end-of-life of a
major TV product in Q413 from a major Japanese customer and was not replaced
by new projects. The Tooling segment revenue was affected mainly by intense
competition from local companies with lower cost structures.

Gross profit margin for InnoTeks wholly-owned Mansfield Manufacturing Company
Ltd (MSF) decreased to 8.4% in Q214 from 13.6% in Q213. This was mainly due
to start-up costs incurred by the Precision sub-assembly segment in preparation for
mass production of initial orders in Q214 secured from established non-Japanese
OEM TV manufacturer, and also retrenchment expenses from the Tooling segment.

Gross profit margin was also affected by compensation paid to one senior
management staff who left the company in Q214, offset by a gain of S$0.2 million
following the Groups decision to diversify into various investment instruments
instead of solely in SGX-listed Sabana Reits.

As a result, the Group recorded a net loss after tax of S$3.9 million in Q214
compared to breakeven in Q213.

For the six months ended 30 June 2014 (1H14), the Groups revenue declined
by 6.4% to S$109.0 million from S$116.4 million in 1H13. This was due to the
reduction in revenue from both the Precision sub-assembly and Tooling segments,
mitigated by higher demand for automotive products in the Precision component
segment.

The Groups net loss increased to S$7.6 million in 1H14 from S$1.4 million in
1H13, with MSF reporting a higher loss of S$7.5 million in 1H14 compared to
S$1.3 million recorded in 1H13.

InnoTeks net cash position remains healthy at S$13.4 million, comprising total
cash balance of S$20.0 million less total borrowings of S$6.6 million, as at 30
June 2014.


Media Release SGX-Listed InnoTek Announces Q214 Results
11 August 2014
Page 2 of 2
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Loss per share for Q214 was 1. 7 cents while net asset bac ki ng per share as
at 30 June 2014 stood at 66.1 cents.

Executive Director of InnoTek, Mr. Peter Tan Boon Heng, said: Our efforts to
reduce our dependency on the Japanese customers are starting to pay off as we
take on new non-Japanese contracts. We will also deepen our penetration in the
automotive components sector which continues to show healthy growth.

The Group remains resolute in our efforts to improve product quality and achieve
better cost efficiencies. We have strengthened our management team and hope to
streamline operations through centralisation of certain functions to facilitate better
integration and collaboration across our facilities, he added.

TV production in China market is expected to grow with consumers demanding
larger screen sizes, which require higher quality. The Group is captialising on
these opportunities through early involvement in product development to diversify
its customer base.

Apart from the steady growth in demand for automotive components in China, the
Group also expects the printing and imaging business to remain stable. Barring
unforeseen circumstances, the successful production ramp of new TV projects is
expected to contribute to a better performance in the second half of 2014.

## End of Release ##

About InnoTek Limited

Singapore Exchange Mainboard-listed InnoTek Limited (together with its subsidiaries
the Group) is a precision metal components manufacturer, serving the consumer
electronics, printing and imaging and automotive industries.

With five manufacturing facilities in the PRC, the Groups wholly owned subsidiary,
Mansfield Manufacturing Company Limited (MSF), provides precision metal stamping,
commercial tool and die fabrications and sub-assembly works to a strong and diversified
base of end-customers.

For more information, visit: www.innotek.com.sg

InnoTek Limited contact:

InnoTek Limited
1 Finlayson Green, #15-02,
Singapore 049246
Tel: (65) 6535 0689
Fax: (65) 6533 2680
Linda Sim, lindasim@innotek.com.sg



Investor relations contact:

WeR1 Consultants Pte Ltd
38A Circular Road, Singapore 049394
Tel: (65) 6737 4844
Sheryl Sim, sheryl@wer1.net
Benjamin Cher, benjamin@wer1.net